Exploring Spokane’s Real Estate Listings

The Spokane real estate market remains vibrant with a diverse range of listings that cater to different preferences and budgets. Notable among these listings are properties that combine functional living spaces with attractive pricing strategies, indicating a compelling market for potential homeowners and investors. This article delves into some prominent listings and market trends that define Spokane’s unique real estate landscape.

Top Real Estate Listings in Spokane

One of the most significant properties currently listed is located at 364 S Coeur Dalene St, Spokane, WA 99201. Representing luxury and space, this home is listed by REALTY ONE GROUP ECLIPSE and is priced at $1,295,000. With its 6 bedrooms and 5 bathrooms covering 5,645 square feet, it exemplifies the elegance one may seek in Spokane’s market.

For those interested in historical style and space, 1125 S Bernard Street is a viable option. Listed by NWMLS, this home spans 4,624 square feet, offering 5 bedrooms and 3 bathrooms at an asking price of $749,000. Another notable mention is the property on 5938 S Lochsa Ln, with attributes like 5 bedrooms, 3 bathrooms, and 3,838 square feet, listed by WINDERMERE MANITO, LLC for $895,000. Each of these listings reflects the diverse offerings available in Spokane.

Market Trends and Statistics

The Spokane real estate market has witnessed substantial changes recently, characterized by a steady increase in median sold prices. As of August 2024, this price stood at $397,932 reflecting a 6.1% increase from the previous year. Homes in the region carried a median price of $205 per square foot, a testament to Spokane’s growing appeal among prospective homeowners.

There has also been a notable influx in housing inventory, with the number of homes for sale increasing by 13.0% compared to July 2024. The most significant rise was seen in the category of 5+ bedrooms, marking a 17.3% increase in availability. Meanwhile, the average time homes spend on the market has grown to 25 days, with 71% of homes selling within 30 days. This emphasizes both the competitiveness and high-demand nature of Spokane’s housing sector.

Comparative Analysis and Insights

When comparing Spokane to nearby cities, its median sold price of $397,932 positions it as a market that offers competitive value, being lower than Spokane Valley’s $416,100. Such information could be a determining factor for buyers considering proximity and lifestyle preferences. Areas like Nine Mile Falls have experienced a decline in prices, making Spokane an attractive alternative for potential buyers seeking a balance between cost and living standards.

For individuals keen on staying updated with the freshest listing details in Spokane, resources such as forsalespokane.com can provide real-time data and insights. This is essential as the market dynamics and the availability of properties can shift swiftly, reflecting changes in buyer behavior and economic factors.

In conclusion, Spokane’s real estate market offers a diverse range of opportunities, whether for luxurious, large family homes or competitive market pricing. With trends indicating steady growth and the potential for quick transactions, interested parties are encouraged to explore current listings without delay.